Czech contract delay tests South Korea’s nuclear export ambitions in Europe



Briefings Czech contract delay tests South Korea’s nuclear export ambitions in Europe KHNP faces US and French claims as Seoul looks to expand nuclear exports across the European Union KOREA PROOctober 31, 2024 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON South Korean President Yoon Suk-yeol and Czech President Petr Pavel hold a joint press conference, Sept. 19, 2024 \| Image: ROK Presidential Office The Czech anti-monopoly office (UOHS) has issued a provisional measure temporarily halting the contract with South Korea’s Korea Hydro & Nuclear Power Company (KHNP) following legal complaints from Westinghouse Electric (U.S.) and EDF (France). This procedural block could impact KHNP’s timeline as the preferred supplier for the Central European country’s Dukovany Nuclear Power Plant. CEZ, the Czech majority state-owned utility, stated it aims to complete negotiations by March 2025 but must await UOHS’s decision. The Czech government initially selectedKHNP as its preferred bidder in July, planning for KHNP to lead construction of two nuclear reactors, estimated at $17.4 billion. © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. LATEST ANALYSIS 01North Korean POW dispute tests Seoul-Kyiv trust and future Ukraine policy 02South Korea’s CPTPP push exposes the cost of turning trade gains into consensus 03AI storage boom gives South Korea battery makers an EV overcapacity lifeline 04South Korea’s Mexico strategy runs into the hard limits of USMCA politics 05Preschool test ban forces South Korea’s English hagwons to rethink placement 06Lee Jae Myung’s Wall Street pitch tests South Korea’s capital market credibility 07US midterm clock raises stakes for South Korea’s $200 billion investment talks 08Lee’s Hormuz red line tests South Korea’s leverage in $350 billion US talks

Briefings

Czech contract delay tests South Korea’s nuclear export ambitions in Europe

KHNP faces US and French claims as Seoul looks to expand nuclear exports across the European Union

KOREA PROOctober 31, 2024

Czech contract delay tests South Korea’s nuclear export ambitions in Europe

South Korean President Yoon Suk-yeol and Czech President Petr Pavel hold a joint press conference, Sept. 19, 2024 | Image: ROK Presidential Office

The Czech anti-monopoly office (UOHS) has issued a provisional measure temporarily halting the contract with South Korea’s Korea Hydro & Nuclear Power Company (KHNP) following legal complaints from Westinghouse Electric (U.S.) and EDF (France). This procedural block could impact KHNP’s timeline as the preferred supplier for the Central European country’s Dukovany Nuclear Power Plant. CEZ, the Czech majority state-owned utility, stated it aims to complete negotiations by March 2025 but must await UOHS’s decision.

The Czech government initially selectedKHNP as its preferred bidder in July, planning for KHNP to lead construction of two nuclear reactors, estimated at $17.4 billion.

Czech contract delay tests South Korea’s nuclear export ambitions in Europe

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